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July 29, 2015 6:28 AM ET

Diversified Financial Services

Company Overview of Prosper Marketplace, Inc.

Company Overview

Prosper Marketplace, Inc. develops a peer-to-peer online credit marketplace in the United States. Its marketplace allows investor members to invest in borrower loans in an open marketplace aiming to profit financially, as well as socially. The company’s marketplace matches individuals who wish to obtain consumer loans with those who are willing to help fund those loans. It provides loans for debt consolidations; business uses, such as financing home-based or small businesses; home improvements; financing the purchase of automobiles; and others. Prosper Marketplace, Inc. was incorporated in 2005 and is headquartered in San Francisco, California.

221 Main Street

3rd Floor

San Francisco, CA 94105

United States

Founded in 2005

347 Employees



Key Executives for Prosper Marketplace, Inc.

Chief Executive Officer and Director
Age: 42
Age: 50
Executive Chairman
Age: 69
Principal Financial & Accounting Officer and Vice President of Finance
Age: 46
Chief Operating Officer and Chief Risk Officer
Age: 38
Compensation as of Fiscal Year 2015.

Prosper Marketplace, Inc. Key Developments

Prosper Marketplace Promotes Manicka Babu to Chief Technology Officer

Prosper Marketplace promoted Manicka Babu to chief technology officer.

Prosper Marketplace, Inc. Announces Management Changes

Xiaopei Macy Lee resigned as Chief Financial Officer of Prosper Marketplace, Inc., effective as of July 10, 2015. On that same date, John Hiestand, PMI's Vice President of Finance, was appointed the Treasurer of Prosper Funding and designated as the principal financial and accounting officer of both PMI and Prosper Funding. John Hiestand, age 47, has served as PMI's Vice President of Finance since May 2015. Prior to joining PMI, Mr. Hiestand served as Director, Chief Operating Officer at Wells Fargo Prime Services, LLC from August 2012 until April 2015.

Prosper Marketplace, Inc. announced delayed 10-Q filing

On 05/18/2015, Prosper Marketplace, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

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